Wednesday, December 18, 2024

U.S. Federal Reserve cuts interest rates by another quarter point

A man wearing glasses stands at a podium with an American flag on display behind him.

The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank's two per cent target.



source https://www.cbc.ca/news/business/fed-cuts-rates-dec-18-1.7414148?cmp=rss

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